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Press release 5 November 2021 SIEMENS Gamesa RENEWABLE ENERGY Results for financial year 2021 ( October 2020 - September 2021 ) Siemens Gamesa ends challenging FY21 with strong backlog of € 32.5bn and achieves low end of guidance range Financial performance reflects challenging supply chain conditions and ramp - up costs of Siemens Gamesa 5.X platform but also continuing strong execution in the Offshore and Service businesses Commercial activity : order backlog increased 7.6 % y / y , with order intake of € 12,185m in FY21 Clear increase in global commitments to combating climate change evidences the strong potential of renewables in the future Enhanced SG 14-236 DD offshore wind turbine with 236 - meter diameter rotor and nominal capacity of up to 15 MW strengthens Siemens Gamesa position to capture further growth Outlook : EBIT projected to turn positive in FY22 , with new guidance for EBIT margin between 1 % to 4 % Siemens Gamesa ended a complex financial year 2021 shaped by healthy long - term demand for wind energy , but also by challenging short - term market dynamics . The strong momentum in renewables boosted the company's backlog by 7.6 % y / y to € 32,542m , showing that it is well placed to capture the huge potential of wind energy . Recent months have seen a clear increase in global commitments to combating climate change , setting the pace for a net - zero future . The company's performance in FY21 also reflected market imbalances caused by challenging supply chain conditions , with sharp increases in commodity prices , shortages of certain components , logistics bottlenecks and high transportation costs . The impact of these imbalances was particularly intense during the second half of the year and is expected to still affect operations in FY22 . The company's performance in FY21 was also affected by higher than - expected ramp - up costs for Siemens Gamesa 5.X platform . " We are operating in a very difficult environment with challenging short - term market dynamics and low visibility on supply chain normalization , and we will continue our efforts to return the company to sustainable profitability . However , the current difficulties should not overshadow the bright future for wind energy , driven by its role in the decarbonization of our planet . As a society , we have the responsibility to curb the climate emergency now . We need to push for frameworks that enable the necessary acceleration of renewable energy . Wind is an efficient technological solution to make it happen , " said Andreas Nauen , Siemens Gamesa's Chief Executive Officer . Financial performance Revenue in the year from October 2020 to September 2021 amounted to € 10,198m ( + 7.5 % y / y ) , supported by growth in Offshore ( + 16 % y / y ) and Service ( + 9 % y / y ) . Profitability was impacted by commodity price and transport cost increases and by higher ramp - up costs of the Siemens Gamesa 5.X platform , creating the need for provisions for onerous contracts that resulted in EBIT pre PPA and before integration and restructuring costs of € 96m in FY21 , with a margin of -0.9 % ( vs. -2.5 % in FY20 ) . Net income to Siemens Gamesa shareholders amounted to € 627m ( vs. - € 918m in FY20 ) . Financial performance in FY21 was in line with the low end of the guidance range announced in July 2021 ( Revenue : c . € 10,200m and EBIT margin : -1 % to 0 % ) . During the year , as part of its LEAP program , Siemens Gamesa took actions to protect the company's performance in the current complex supply environment , enhance competitiveness and address the costs and ramp - up time of the Siemens Gamesa 5.X platform .